Ace With No Sleeve - 916 Words

There are some important factors that determine success. Time management, self-awareness, and emotional intelligence are just a few. Victor Hugo once said, â€Å"He who every morning plans the transactions of that day and follows that plan carries a thread that will guide him through the labyrinth of the most busy life.† (Goodreads Inc., 2014) Organization comes from prioritizing. This skill is one that easily eludes people. Sew the seeds of success early, plan to be sucessful. We must work the field - in college, in personal relationships, at work, and everywhere else - to reap what we sow. We need a plan. Time management plans are really life management plans. Our daily lives can easily get too hectic to control. If we make a plan and stick to it, we can overcome most stress. Stress is a reaction that comes from the unknown. If you plan, it makes you more involved and in turn, more invested. Keep to the plan. That way, if life throws you off, you can deal with the issues a nd continue on. The main idea of the article The Sucessful Persons Guide to Time Management (Fetsch, Ph.D. Flashman, Ph.D., 1984), the University of Kentucky says, There is enough time! We just have to make it, which means scheduling, planning, and paying attention. You can fit everything into your life, including leisure time. If youre busy, it is even more important to schedule your time. In the article, The Successful Persons Guide to Time Management, Dorothy Cudaback, a family life extensionShow MoreRelatedSignificance of the Use of Mathematics in the Texas Holdem Poker Game906 Words   |  4 Pageswhat distinguishes experts from the amateurs. Introduction: Each poker deck has fifty-two cards, each designated by one of four suits (clubs, diamonds, hearts and spades) and one of thirteen ranks (the numbers two through ten, Jack, Queen, King, and Ace). In the game Texas Hold’em, we can deduce the probability of the chance of winning the round in each of the phases. A winning player should perfectly know the general probabilities of Texas Holdem poker. The two most essential concepts are pot oddsRead MoreCase Study : A New Ace Ventura Online Slot Game1706 Words   |  7 Pagesbrand new Ace Ventura online slot game Back in the 1990s cinema was in arguably in its most experimental phase, as plenty of new concepts were green lit with the term â€Å"alternative† attached. It is this phase in history that allowed Jim Carrey to become a Hollywood superstar, but Carrey didn’t exactly make his name through traditional projects. What he did was attach his name to â€Å"odd† acting vehicles such as Ace Ventura: Pet Detective and ride them, all the way to the top. Speaking of Ace Ventura:Read MoreHypertension : High Blood Pressure1124 Words   |  5 Pagesor physically. (Heart.org 2014) The device utilized by your doctor or medical attendant is called Sphygmomanometer. The pulse sleeves that goes around the upper left or right arm of the patient. The specialist or attendant will swell the sleeve to get the perusing in millimeters of mercury (mm hg). The medical caretaker or specialist, in the wake of pumping up the sleeve, will listen with a stethoscope. While listening with the ste thoscope, the specialist or medical caretaker will listen for theRead MoreThe Street.Fighter879 Words   |  3 Pageshave As because I have photographic memory but who wants someone who cause trouble in college.Also, the people here, ugh I cant describe the stupidity. Since I missed Fridays test for a fight than I have to take it during lunch today . *******:** Ace, the test. Now, Im heading to the cafeteria. Once I stepped foot through the doors, I felt eyes on me , I kept my head down and sat at one of the empty tables. 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Non-Jewish kids, having to face life barren of the symbolic breastplate, or the assumed Hasidic halo (another neat trick) knew there was something different being a modern Semitic but they could never put a finger on it. TheRead MoreFiat External Environment1096 Words   |  5 Pagescontinue to absorb smaller automotive businesses to acquire their assets. The FIAT compact car is a step in the right direction in terms of gaining more exposure to the family vehicle segment of the industry. Both Chrysler an d FIAT have aces up their sleeves which must be used carefully. Chrysler is developing the Petrol engine, called Pentastar and FIATs MultiAir engine according to Giuseppe Calabrese, can provide FIAT-Chrysler an edge. Unfortunately they are unproven and with the US governmentRead MoreBuyers Target For Herschel Backpacks And Bags1264 Words   |  6 Pagesinfluences are the change of taste and fashion about the authentic looks as it s been changing daily. 3. Competitive: According to the website OWLER.com the major competitors for Herschel supply co are Poler Outdoor Stuff, Cotopaxi, Topo Designs, Kit-ace (Canadian clothing and accessories) and also the trendy North Face Inc. Although from the nordestrom experience, those brands are not near the category for women and men s handbag sections, Herschel s products placed near the elite and well-knownRead MoreMy Cousin Vinny By Vincent Gambino1431 Words   |  6 Pagesreliable physical evidence at a crime scene because it identifies a given individual with almost 99% accuracy. The issue of witness misidentification can prove to be beneficial for the defense instead. â€Å"The prosecutor believes he has an ace up his sleeve with an FBI forensic expert on tire track identification. 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Business Tourism- Main Characteristics , Benfits and...

BUSINESS TOURISM MANAGEMENT EA [pic] INDIVIDUAL REPORT Business tourism can be defined as a convention, in the sense of a meeting, is a gathering of individuals who meet at an arranged place and time in order to discuss or engage in some common interest. Business tourism industry is growing rapidly worldwide.Business tourism is having its own features which define it from the other types of tourism, and I would mention it in order to explain the importance of the industry. This report is showing the importance of business tourism in the modern world, its benefits and advantages comparing to the other types of tourism and highlighting all the challenges and problems the industry is facing these days.First, i†¦show more content†¦The business tourism sector provides an excellent opportunity for previously disadvantaged enterprises to play a role in the provision of services to them across the value There is a large and very lucrative domestic market which is the responsibility of the regional and local tourism authorities . There is a strong and correlative relation between the national economy of the countries and business tourism. Because this sector usually would promote national industry, enhance communication channels and upgrade quality of manpower in different economic sectors, such as agriculture sector, petroleum sector, communication sector, tourism sector, education and training sector, health sector, vocational associations, etc. Business tourism is able to gain many economic fruits for the interest of the national economy. It is considered a key driver for temporary and permanent jobs. Many governments in the world list business tourism outputs within gross domestic products as well as while analyzing the cost output of public investment in the sector. The sector generates a large number of permanent and temporary jobs in the field of events supply chain, organization and management in addition to accompanied services. Many countries rely on business tourism for the provision of employments to their citizens. For example, the

Corporate Tax Theories Literature Review

Question: Discuss about theCorporate Tax Theoriesfor Literature Review. Answer: Introduction Taxes are involuntary charges levied on individuals or institutions, enforced by government entities for the purposes of generating revenues to finance government activities. Most government entities have set revenue authorities that ensure tax compliance by individuals and companies. Legal dictionary (2013), state that levies charged to corporates and individuals are as an exchange of government protection to tax payers life and property. This paper reviews pieces of literature and empirical studies studied on corporate tax with attempts of understanding corporate taxes. The reviews of literature cover the classical, dual and fiscal transparency systems of taxation. Classical Theory of Taxation Under the classical theory of taxation, corporates are termed as separate legal entities from its owners. This definition demystifies the corporates requirement for double taxation from the corporate entity and its owners. According to Harberger (1962), the classical system propagates corporates discernment as it confines business concepts and shareholders financing from the corporate systems to incorporate systems resulting to a negative effect on a countrys economy. King (1974, 1977) in his literature he demonstrated the old properties of the classical tax system as a tax that restricts dividends, accrued debt interest expenses and capital gains as deductions. The classical system translates the revenues from corporates and debt and equity gains as avenues of tax. As for multinationals, the foreign corporates do not accumulate corporate tax where foreign income is credited or the company receives a tax exempt by the domestic country. Empirical studies have shown negative effects of the classical system of taxation. Gravelle (1991), stated the effects of classical taxation being significant macroeconomic resulting to lower Gross National Product. There have been a number of trials identified from the classical systems of taxation i.e. biases to profit retention, debt preferences to equity and low investments related to double taxation. The primary variables used in research and practice to representing the financial performance construct are the accounting measures. These measures rely on financial information reported in income statements, balance sheets, and statements of cash flows. Accounting measures can be further subcategorized into profitability measures, growth measures, leverage, liquidity, and cash flow measures, and efficiency measures. Normally for commercial and manufacturing entities profitability measures include values and ratios that incorporate net income or a component of net income such as operating income or earnings before taxes are used. To illustrate the classical system of taxation, assume a corporate that has a profit before dividends payout and tax of $500, in a state that levies 30% tax on corporate institutions and the remaining earnings are recited as the shareholders' earnings taxable at 16%. The companys net profits after tax before dividends payout will result to $350. This will tr anslate to the shareholders' earnings account accruing an income tax of $63. The effective rate of tax is 43%. This means that the company is subjected to 27% over taxation. Illustration: Classical System of Taxation; Income Statement Classical System Imputed System Dividend Exempt System Profit Before Dividends Tax 500 500 500 Corporate Tax- 30% 150 150 150 Profit Before Dividends After Tax 350 350 350 Dividend Income 350 350 350 Income Tax Rate - 16% Before Imputation 63 63 63 Imputed Tax - (2/5)*Dividend Income 140 Dividend Exempt (20%) 70 Dividend Income - (Dividend Income + Imputed Tax) 203 133 Income Tax Rate 32 21 Net Income Tax 63 31 42 Total Taxable pay 213 181 192 Effective Tax Rate 43% 36% 38% Over Taxation 27% 20% 22% The effects of double taxation necessitated the invention and adoption of imputation system. The system was to eliminate the distortions accounted by double taxation from the classical system by refunding corporate levies through credit validations on dividend payments. This was done through from tax reforms Acts. Literature reviews on effects of the adoption of dividend imputation tax reforms showed positive impacts on the economy. According to Belamy (1994), there was a positive correlation between tax credits and growth in shareholders dividends. Empirical results shared by Heming (1994) showed statistically dividend imputation resulted to higher payout ratios. A comparative study done to distinguish between the effects of classical system and imputation system adopted in the United States of America and Australia carried out by Bhavish J, Mark S, and Roberts B (2013), concluded that minimizing double taxation can be done through dividend imputation. The difference cited in the E uropean journal of finance Buckle (1995) between the classical and imputation system was the cost of capital, the journal stated: cost of capital under the classical tax system is gross of personal taxes whereas the cost of capital under the imputation system is net of personal taxes. An imputation system is achieved by requiring the shareholders to gross up the net dividends with attributable tax. Using the above illustration, the dividend income is grossed up to $203 with an assumption of 40% dividend imputation. This translates to a net income tax of $31 and a total taxable pay of $181 as opposed to $213. The effective rate of taxation is hence 36% leading to an over taxation of 20%. The other invention was the dividend exemption method, where the dividend income is fully or partially tax exempted. According to Vann (1986), the dividend exempt method facilitates shareholders in preventing double taxation. Using the same illustration as an example, assuming the dividend exemption was 20% then the taxable pay will be equal to $192 translating to an effective tax rate of 38% hence an over taxation of 22%. Split rate system and dividend deduction methods were also used similarly to the dividend exemption method. Dual System Of Taxation Peter B (2010), defined a dual system of taxation as a system that separates taxation of labor income from capital income. Dual income combines labor and transfers income tax with mild capital income tax. The mild capital income tax is a flat tax rate aligned capital income. The genesis of the dual corporate tax was to provide tax relief to small pressed legal entities with an added advantage of collecting taxes even from loss-making companies. The capital income entails proceeds received from assets, financial instruments, rent, and capital gains, accrued interests on savings whereas the non-capital income includes proceeds from pension and transfers from the government. According to Richard (2010), dual income tax seeks to levy wages and labor income attributable to businesses at a progressive tax rate and capital income at a determined flat rate. Noor (2014) stated that the impact of the dual system on corporates is profits distribution to shareholders to retained earnings. Nielse n and Sorensen (1997), argued that dual system equalizes tax treatment for human and non-human intensive investments. Assume a potential tax payer has an income of $100 and initiates an investment program as a consultant which earns him $210 implying a tax rate of 30% on the income will still yield a return of capital of 10%. This means that income tax does not reduce the return on human capital investments and offers a fair tax treatment. Under the dual system, criticism has been raised that it usually a contrast to taxation principle ability of pay as labor is taxed heavily. In some countries like Germany, taxation is seen as a factor of human capital mobility as their citizen attempt to escape from tax burdens. Using Germany as an example, the taxable earnings income is taxed in a linear progressive rate given by a tax schedule whereas the other income is taxed at fixed rate of 25%. Debt income is usually taxed under the capital income. Dual taxation distinguishes income into 3 t ypes; income from employment, business activities and capital investments. Dual taxation system has been embraced in Nordic countries. According to Oliver (1977), the system has brought about improvement in compliance in dividends withholding and payment of interest. The research from the countries has revealed equity within countries is a fruit of dual taxation. Fiscal Transparency The complexity in tax systems has led to companies being able to set up easily multifarious networks of companies that are tax harbors and avoid by channeling the taxes into profits. The complex networks created prohibits the tax assessors in determining the number of tax requirements and also the paid taxes. With this reasons in mind inventions of fiscal transparency system, erupted as the government attempted to have corporates deduce statements of corporate taxes paid in a way of tax amateurs would understand. Under this system, companies are treated as intermediaries of shareholders in income collection. A taxation system comparable to that of a partnership is used where the shareholders are granted profits. The system disintegrates the notion of companies bear legal and separate entity from its owners. According to Amilcare (1903), the tax transparency is a mitigant of fiscal illusion. James (1960), termed fiscal illusion a logical misconception of government expenditure and rev enue policy. Understanding of fiscal transparency, terminologies like fiscal expenditure, accountability should be understood. According to international accepted principles, fiscal accountability is defined as a state being responsible for its public funds to the public. Campos (1996), fiscal accountability consists of three main agendas i.e. overall control, financial discipline in compliance with the budgetary process, strategic resource allocations with a prioritized approach and cost effective and efficient programs. Fiscal transparency requires dependable governments fiscal policy and forecasts, detailed information on its operations and budgets and behavioral aspects of the mandated officials of the state. Shende and Benet (2004), stated the IMF transparency principles as; government structures and responsibilities clarity, comprehensive information on state financials, budgets disclosures and audit scrutiny. For example, the U.S treasury normally publicizes its estimated tax expenditure, other examples are GAO who publish their expenditures in public domain. In Germany, we see subsidies report that entails the governments tax provisions and estimates. Efforts have been seen primarily by governments in fostering transparency in government budgets. For example, governments have created websites that show state spending. Other measures that have been used is the application of learning tools for budgetary process. Countries like San Francisco allow citizens to participate in the budgetary processes by enabling a forum where citizens give ideas through proposals of government spending. The government enjoys fiscal transparency by understanding the countrys tax burdens, fees and costs related to licenses. Strategies embraced in the uplifting transparency of the revenues is having one level government using the revenue instruments, limiting the number of channels used in each government, increasing property taxes as opposed to sales taxes, increasing citizen education and adopting a taxpayers receipt. According to Collier and Venables (2010), involving the public in fiscal capacity leads to fiscal transparency. Besley and Persson (2009) , showed that legal and fiscal capacity contributes to countries wealth. This means that lack of fiscal transparency results in a low generation of investments and hence low revenues related to tax. The transparency in government fiscal results to low levels of corruption as state fellows are conscious of their jobs. In both low and high-income countries, taxes incentives are seen to foster tax revenue collection. Stanely (1985) stated that To understand the tax expenditure of a country, then tax incentives must be analyzed. The revenues obtained from tax are functions of tax expenditure. Building Blocks that have been used to foster the transparency and accountability is tax structures, tax expenditure projections, integration of projections of tax in the budgetary process and auditing tax expenditure. The primary goal of any government is the provision of the essential goods and services to the citizens. Corporations have however encountered eminent doubts on their reliability, integrity or obligation to public affairs perpetuated by poor corporate governance. The neglect of use of accounting information has also been an ongoing concern with deficiencies noted in budgeting and budgetary control systems. Efficient management control system has then been recommended with state corporations adopting the budgeting processes. The adoption of the budgeting process has been sighted as a key instrument in increasing the financial stands within organizations. Reviews of literature on the salient issues about the budgeting process and performance measurements and the performa nce in the firms; studied from theories and past empirical studies perspective has shown the significance of budgets and the positive effects on improving performance in institutions. Tax experts have therefore a big role to play in ensuring the fiscal policy is aligned to transparency and accountability principles. In addition, the tax experts should recognize tax expenditures and comprehend the building blocks of ensuring a fiscal policy that propagates transparency and accountability. Conclusion The classical theory of taxation is reviewed as the ancient model of taxation where the classical system that propagates discrimination against corporates. Empirical studies have shown negative effects of the classical system of taxation related to double taxation as it harbors capital investments. Inventions to counter classical taxation have erupted dividend imputation and exemptions. Under the dual taxation, labor income and capital income are separated in the taxation model where capital income is levied at a flat rate and labor income is levied at a progressive rate. The fiscal transparency dictates any government economic flourishment. Tax structures, tax expenditure projections, integration of projections of tax in the budgetary process and auditing tax expenditure have been sighted as building blocks of taxation. References Bellamy, D. (1994). Evidence of imputation clienteles in the Australian equity market. Asia Pacific Journal of Management 11, 275-287. Besley, T., and Persson, T. (2009). The origins of state capacity: Property rights, taxationand politics. American Economic Review 99: 1218-1244. Bhavish J., Mark S, and Roberts B (2013), Dividend Taxation and Corporate Investment, RMIT University, School of Economics and Finance, Melbourne 3000, Australia, 19-20. Buckley A, (1995), The classical tax system, imputation tax and capital budgeting. The European Journal of Finance Volume 1, 1995 - Issue 2 Collier, P., and Venables, A. J. (2010). Natural resources and state fragility. EuropeanUniversity Institute, RSCAS Working Paper 2010/36, Florence, Italy. Gravelle, G. (1991). Corporate tax integration: Issues and options, CongressionalResearch Services report for congress: Washington D.C. Harberger, A.C. (1962), The Incidence of the Corporation Income Tax, Journal of PoliticalEconomy 70, 215-240. Heming, T. (1994). The effect of dividend imputation on the payout ratios ofAustralian companies. Australian Tax Forum 11, 203-227. Legal Dictionary (2013), Taxation. Retrieved fromhttps://legal- dictionary.thefreedictionary.com/taxation"taxation/a King, M.A. (1974), Taxation and the Cost of Capital, Review of Economic Studies41, 21-35. King, R. F. (1984). Tax expenditures and systematic public policy: An essay on the political economy of the federal revenue code. Public Budgeting Finance, Spring 1984, 14. King, M.A. (1977), Public Policy and the Corporation, Chapman and Hall, London. Nielsen, S.B. and P.B. Srensen (1997). On the optimality of the Nordic system of dual incomeTaxation. Journal of Public Economics 63, 311-329. Noor (2014), Taxation II, Open University Malaysia, OUM Business School, 46-49, Oliver O (1977), Transition to a Global Income Tax: A Comparative Analysis, 31 Bull. Intl Fisc. D Peter, B. (2010), Dual Income Taxes: A Nordic Tax System, Department of Economics University of Copenhagen, 2, Richard M. Dual (2010), Income Taxation and Developing Countries, Columbia Journal of Tax Law, 1, 174 Stanley S. (1985), Tax Expenditures, Harvard University Press, 24, Cambridge, Massachusetts, Surrey, S. S., McDaniel, P. R. (1980). The tax expenditure concept and the legislative process. In H. J. Aaron, M. J. Boskin (Eds.), The economics of taxation (pp. 123-144). Washington: Brookings. Vann, R. (1986). Eliminating the Double Tax on Dividends - Legal and Practical Issues Wellington: Victoria University Press. Chaps. 1, 2 and 5.

Strategic Management and Competitiveness of Dell C Essays - Business

Strategic Management and Competitiveness of Dell Company Name Intuit ion Strategic Management and Competitiveness of Dell Company Intro duction Dell is an American based global public corporation that design, make, and engages in a wide range of customers. Besides, it offers services and goods in computing gadgets as notebooks, tablets, and desktop PCs. Taking on its appeal to global markets, globalization, and technological changes have causes the operational and strategic managements in the business domains. As a result, globalization has assisted in retention of stiff competition and in attracting customers effectively hence causes the company in changing 'the strategies to capture the entire globe. It has also helped in the expansion of operation globally to reduce stiff competition among its competitors. Globalization has enabled Dell to operate worldwide enabling it to embrace different financial, sociocultural, political, and legal environmental changes hence overcomes business policy and structural system. Globalization has resulted in feeling Dell presence in other markets too hence retaining a large market sh are and opportunities everywhere. Due to globalization, Dell has developed internet based supply chain model that enable it to have direct sales to her clients. Besides, the model helps in making build-to-order, co-ordinate suppliers, and communication tactics hence one on one interaction with suppliers, customers, and employees. The use of internet has really helped in changing technological impact. The global era has also caused consumer buying behaviors changes in the industry and due to this customer have preferences for an effective and competent support system. Generally, globalization has resulted in the creation of several Dell outlets, change of strategies, and operational method in the entire company . Industrial Organization Model The industry uses Industrial Organization (I/O) model and Resource-based (RB) Model whereby the I/O model of above average returns explains the strategic choices of a firm and how it is influenced by external environment. It encompasses the general analysis of the industry and competitive environment, which causes the business to operate strategically efficient. The analysis of entire environment consists of investigating demographic, political, economic, socio-culture, and legal factors that would affect Dell knowledge in the creation of opportunities and threats for its operations. This analysis also would assist in creating awareness of new entrants, rivalry level, bargaining power, and other related products for consumers and suppliers. In analyzing competitors, the company will check objectives, assumptions, strategies, and capabilities of its main competitors like Nokia, Tecno, and Acer among others. The I/O model also will assist in curbing threats, boost opportuniti es, and achieve high returns on the business. On the other hand, RB model provides an explanation of an internal environment and making them aware of competitiveness and capabilities of the firm. Besides, it enables Dell to have information on weaknesses and strength in investigating the main in competencies. The information on the model helps Dell formulates strategies to limit weaknesses, empower strength, and increase turnover of the business. This model in itself is a source of information to manage resources and capabilities dynamically and earn above-average returns within computing device industry. To generalize, the combination of both models helps the firm to determine weaknesses, strengths hence achieving a high return for less effort. The Vision Mission Statements These critically provide information necessary to formulate objectives and the purposes of the business in an organization. Dell vision and mission state: "Our vision is not just to provide the best customer experience in our industry, but to be counted among the best in any business." (Dell) "Our mission is to be the most successful IT systems company in the world by delivering the best customer experience in all markets we serve." As it reads, it helps in choosing relevant strategies. To remain the best in the industry, Dell has developed a culture to continuously improve on diversity and remain competent in workforce worldwide. Through this, Dell shows uniqueness in service provision to customers and expresses global appearance hence achieving great sales returns. Besides, the mission of the company has provided integrity and good leadership for personal accountability. The mission statement has also achieved a lot in e-commerce and getting huge market shares of the fi rm. The mission also assists in cost minimization and profit maximization of the business. Through supply